Liberty Broadband Co. (NASDAQ:LBRDA) CEO Gregory B. Maffei Sells 125,000 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDA) CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Broadband Trading Down 0.6 %

NASDAQ:LBRDA opened at $76.68 on Friday. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a fifty day moving average price of $84.51 and a two-hundred day moving average price of $68.75. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 14.12 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the business earned $1.10 EPS.

Analyst Ratings Changes

Several analysts have recently commented on LBRDA shares. Rosenblatt Securities cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and raised their target price for the stock from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors have recently modified their holdings of LBRDA. Signaturefd LLC grew its stake in Liberty Broadband by 9.1% in the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock valued at $163,000 after acquiring an additional 177 shares during the last quarter. Bfsg LLC grew its position in shares of Liberty Broadband by 11.1% in the second quarter. Bfsg LLC now owns 3,340 shares of the company’s stock valued at $182,000 after purchasing an additional 335 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC raised its position in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after purchasing an additional 390 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in Liberty Broadband in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.